2020 Eastlake Avenue E, Seattle, WA 98102 (MLS # 2481300)

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Listing provided courtesy of Northwest MLS; John L. Scott, Inc.

PRICE $1,600,000
BEDS 0
BATHS 0
HOME SIZE 3,000 sqft
LOT SIZE 5,128 sqft
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Rare development opportunity for Townhome Builder or Value-Add Investor in the heart of the South Lake Union/Eastlake corridor. Prime lot offers sweeping, protected views of Lake Union, the Seattle Skyline, and the Olympic Mountains. Able to accommodate 4-5 new townhomes. Two larger townhomes could be built off the alley & three smaller ones facing Lake Union (or vice versa). Avg unit size = 1,793 sq ft. The property currently houses a very clean, well-maintained, solid income producing 4-plex generating healthy returns while you navigate the permitting process. Landlord has never increased rent on a tenant. Zero vacancy. Outstanding tenants. Rents below market rate. Each unit features 1 bed/1 bath, fireplace, washer/dryer, dishwasher, hardwood flooring, parking. Large living rm could easily accomodate a 2nd bdrm in each unit. View photos shot from future 3rd -4th floor/roof top deck of this Bldg. Located on bus line & w/in walking distance to Amazon, Google, and the life sciences hub. 5 off-street parking spaces in rear. Zoned LR2(M), allowing for up to 4 stories with rooftop decks. Ideal opportunity for investor, builder or owner/occupant!

LAST UPDATED 2/17/2026 TRACT Eastlake
YEAR BUILT 1987 COMMUNITY Eastlake
COUNTY King STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR None
AREA 390 - Central Seattle
CONSTRUCTION Brick
HEAT Baseboard, Electric
LOT 5127 sq ft
LOT DESCRIPTION Alley, Curbs, Paved, Sidewalk
LOT DIMENSIONS 5125
MLS STATUS Active
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION Eastlake
TAXES 13689.6
UTILITIES Sewer Connected
VIEW Yes
VIEW DESCRIPTION City, Lake, Mountain(s), Territorial
WATER Public
ZONING Multi-Family

SATELLITE VIEW



 
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/17/26 4:13 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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